Jiangsu Sailin Automobile has made a high-profile announcement that it will produce supercars in China. Since June 23, 2020, the company has experienced a comprehensive seizure of factories and office buildings, frozen accounts, relevant persons in charge have also been placed on file for investigation, and the Sailin Automobile Factory has also been closed due to debt disputes. Recently, some netizens discovered that the Intermediate People’s Court of Nantong City, Jiangsu Province updated a foreclosure information about “Jiangsu S Automobile Company” on the Ali auction platform. The auction target was once named Rugao High-tech Entrepreneurship Service Co., Ltd., Jiangsu S Automobile Investment Co., Ltd., with a starting price of about 2.378 billion yuan, and will be auctioned on May 30, 2022. Through public information, it can be found that the company is actually Sailin Automobile. This auction is about the land use rights of Sailin Automobile located in Groups 5, 6, 7, and 8 of Zhennan Community, Chengbei Street, Rugao City, and Groups 7, 12, and 18 of Shuanglong Community, as well as the above-ground buildings and related machinery and equipment, production lines, and assembly lines. and other assets. It is reported that Sailin Automobile has created a shocking “case” in the new car-making forces. As early as April 27, 2020, Qiao Yudong, the former legal officer of Sailin Automobile, reported that the chairman of Sailin, Wang Xiaolin, was suspected of false .
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